The owners of the privately held Cassava Enterprises whose headquarters are in Gibraltar just off the coast of south Spain are responsible for operating one of the largest online gaming companies out there. Their brands include 888.com which is an online casino that has been operating online since 1995. Their other brands include Betmate UK, Casino-On-Net and Pacific Poker.

Rumor has it that Cassava have asked Credit Suisse First Boston to take 888.com and their other brands to the stock market. The value of the online casino is estimated at $1.6 billion dollars. The floatation is expected in the second half of this year (2005).

VHL told 'Globes' in response, 'As a matter of policy, VHL does not normally confirm or deny rumors about talks or business contacts, whether they exist or not.'

The flotation of the company will naturally force Cassava to disclose its figures to the public. The company's annual turnover has reportedly exceeded the $1 billion threshold, and its profits are estimated at $200-300 million.

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